Number:
DEED OF RENTAL
- On this day,
Appear before me,
The Notary in Bali of the Regency of Buleleng, with ----
The presence of witnesses whose names will be written --
at the end of this deed : ------------------------------
1. .
.
.
.
- Further will be called as THE FIRST PARTY. --------
2. .
.
.
.
- at this moment is in Singaraja. -------------------
- and hereinafter will be called THE SECOND PARTY. ----
- The above appearers have firstly explained to me, ---
The Notary, as follows;------------------------------
- That based on the Deed of Agreement dated,
Which is made before myself, The Notary, THE FIRST PARTY
will use the money of THE SECOND PARTY, to settle up the
payment of purchasing of a piece of land together with a
building which will be constucted on it, whose location-
is Baktiseraga village, Distric of Buleleng, Regency of-
the second Division of Buleleng, large
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with borders as deseribed in the letter of measurement -
number
date
the certificate from Kantor Badan Pertanahan Nasional. -
- and hereinafter will be called : THE LAND. ----------
- In relation with the terms and conditions in the ----
above Deed of Agreement, ever since the FIRST PARTY -
has factually used the money of the SECOND PARTY, ---
then THE FIRST PARTY states herewith to the right of-
rental to THE SECOND PARTY with the following -------
conditions ;-----------------------------------------
----------------------- CHAPTER 01. -------------------
a. - This Deed of Rental will valid for the period of --
25 (twenty five) years, effectively counted from the-
date in which the construction of the BUILDING has --
completely finished and the key of the house has ----
been submitted by the developer. --------------------
b. - THE SECOND PARTY states herewith to have the right-
of Option to extend the Length of rental period with-
conditions and rental price as stated in this deed. -
THE FIRST PARTY is prohibited to stop this rental ---
agreement based on this deed as long as the rental --
period has not reached its expiration date yet.------
------------------------ CHAPTER 02. ------------------
a. - The rental price of the BUILDING held and received-
by THE FIRST PARTY from THE SECOND PARTY at --------
Rp.30.000.000,- (thirty million rupiahs) ------------
The above stated amount of money is rental price for-
the whole lenght of rental period as stated above. --
b. - The Rental Price as stated above will be fully ---
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paid by the latest on the date seven the person -----
concerned month. ------------------------------------
----------------------- CHAPTER 03. -------------------
- If later on, in the future, the right of the land --
where the BUILDING will be constructed is given THE -
RIGHT OF BUILDING AND LAND (HGB) by related ---------
government institution, accordingly in order to -----
guarantee the validity of the above stated lenght of-
rental period, THE FIRST PARTY declares herewith and-
binding himself to THE SECOND PARTY, upon the -------
expiration date of the Right of the Land when its ---
validity comes to an end, at related government -----
institution, but all the expences required to do so--
will be imposed by THE SECOND PARTY. ----------------
--------------------- CHAPTER 04. ---------------------
- THE FIRST PARTY guarantees THE SECOND PARTY that :---
a. - THE FIRST PARTY is the only owner or the one is ---
entitled to the above stated LAND AND BUILDING, -----
therefore THE FIRST PARTY has the right to rent out -
the above stated BUILDING and so then THE SECOND ----
PARTY could use the BUILDING safely and securely ----
within the length of the rental period. -------------
b. - The land where the building will be constucted ----
within it is free form any seizure, free from lawsuit
or dispute, and it is not under mortgage or in bail--
against any loan to other party and the BUILDING will
not be used as bail against any loan toward other ---
party, accordingly as long as this agreement prevails
THE SECOND PARTY will not get any disturbance or ----
prosecution from anyone and in any form. ------------
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c. In relation with the above matters, accordingly THE--
FIRST PARTY will release THE SECOND PARTY from any --
prosecution, or sue which might be appeared in the --
future.----------------------------------------------
--------------------- CHAPTER 05. ---------------------
a. - THE SECOND PARTY is allowed to rental the BUILDING-
to other party, partly or wholly, with any terms and-
conditions considered good and beneficial by THE ----
SECOND PARTY. ---------------------------------------
b. - THE SECOND PARTY is herewith given the right to ---
change and reconstruct the BUILDING, to renovate, or-
to repair the BUILDING in such away as per the ------
intention and wish of THE SECOND PARTY, as long as --
it is not against any prevailed regulation and law.--
- The above intentions and wishes are able to be ----
conducted with conditions that all the necessary ----
permits are applied and imposed by THE SECOND PARTY.-
--------------------- CHAPTER 06. ----------------------
- THE BUILDING which is rented based on this deed from-
THE FIRST PARTY, will be used as a residence by -----
THE SECOND PARTY.------------------------------------
--------------------- CHAPTER 07. ----------------------
- Whenever the validity of this rental agreement come -
to an end/terminated, by any reason THE FIRST PARTY -
must after summation to sell the land and/on --------
building against ,arket related price and transfer --
the revenue minus costs to the second party. --------
--------------------- CHAPTER 08. ----------------------
- THE SECOND PARTY has the obligation to well -------
maintain the above BUILDING and must fulfil and obey
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all the prevailed regulation/law includes but -------
unlimitedly in relation with morality, public order,-
sanitation, hygiene, in using to what has been rented
with this deed and THE SECOND PARTY, guarantees THE--
FIRST PARTY concerning the above matter that THE ----
FIRST PARTY will not get any warning or any ---------
prosecution from any party. And should there will be-
any warning or prosecution in any form, it will be --
borne responsible and imposed by THE SECOND PARTY.---
---------------------- CHAPTER 09. ---------------------
- In the conditions of force majeure, things which --
might be occured beyond human control as war, riot, -
earthquake), so then THE FIRST and THE SECOND PARTY -
have mutually agreed to release each other from any -
prosecution and sue. --------------------------------
---------------------- CHAPTER 10. ---------------------
- This agreement will not be terminated or cancelled --
because of any prosecution or sue from the heirs of -
THE FIRST PARTY, or and also will not be terminated--
or cancelled because of the death of any party stated
in this deed, in this condition this Deed of --------
Agreement will remain valid and binding the heirs or-
any legal appointed person, except it has been ------
differently determined by and among them. -----------
---------------------- CHAPTER 11. ---------------------
a. - As long as this agreement valids, so then THE -----
SECOND PARTY obliges to settle up all the expenses --
of electricity, water, telephone or any other related
expenses in relation of the usage of the above stated
BUILDING. -------------------------------------------
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b. - THE SECOND PARTY obliges to submit the proof of ---
payments (receipts) of the above expenses of the the-
last usage month of the end of this rental agreement.
---------------------- CHAPTER 12. ---------------------
a. - The tax of land and building of the above stated --
land and the building which will be constructed on it
during the above stated rental period will be -------
imposed by THE SECOND PARTY. ------------------------
b. - Any other tax which might appear because of this --
agreement will be imposed by THE SECOND PARTY. ------
c. - The cost of this deed will be imposed and paid by -
THE SECOND PARTY. -----------------------------------
d. - The expenses of public cleaning service and -------
security and any other dues in relation with the ----
usage of the house during this rental agreement will-
be imposed by THE SECOND PARTY. ---------------------
----------------------- CHAPTER 13. --------------------
- If later in the future, it will be possible and -----
permitted by law for THE SECOND PARTY to own the ----
BUILDING includes THE LAND where on it the building -
being constructed, so then THE FIRST PARTY herewith -
states to give the Right of Option to transfer ------
juridical without any payment the BUILDING including-
the land to THE SECOND PARTY.------------------------
----------------------- CHAPTER 14. --------------------
- This Right of Rental which is received by THE SECOND
PARTY based on this deed, will only be possible to --
extend as far as it is not against any prevailed ----
regulation/law of Indonesia, includes but unlimitedly
concerning the regulation of Immigration other wise -
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the FIRST PARTY to sell the land and/on building ----
against market related price and transfer the -------
revenue minus costs to the SECOND PARTY. ------------
------------------------ CHAPTER 15. -------------------
- This deed constitutes an unseparable part of the deed
of agreement made before my self, The Notary, dated -
this day, number: 138. ------------------------------
------------------------ CHAPTER 16. -------------------
In relation with this deed and with all its application-
impacts, THE FIRST and THE SECOND PARTY has mutually ---
chosen general and permanent domicile at the Registered-
Office of the Distric Court of Singaraja, Bali. --------
------------------------ THIS DEED ---------------------
- is made as a minutes and executed in Singaraja, on --
this day and as dated in the letter-head of this ----
deed. With the presence of: -------------------------
-
-
both the official of office and live in Singaraja, as
witnesses. ------------------------------------------
- After I, The Notary reads this certipicate to the ---
parties, witnesses and me, Notary, sign this --------
certipicate. ----------------------------------------
- Is perfectly made. ----------------------------------
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